TLRY formed a parabolic wedge bull flag which triggered last week. So far it is failing and testing the bull breakout gap around $40. The bulls will likely try to form a second entry for the wedge bull flag within the next few weeks. If instead the sell off continues, prices will likely test the tight trading range of the open around $20 and from there enter a trading range.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.